Eight in 10 Americans Think Default Would Worsen Economy – Poll

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us default, will us face default, us debt ceiling crisis 2023, will biden and gop make a deal on debt ceiling, americans opinion about default

us default, will us face default, us debt ceiling crisis 2023, will biden and gop make a deal on debt ceiling, americans opinion about default

WASHINGTON (Sputnik) – Eighty percent of Americans believe that a US default on its debt would result in a worsened economy, a Morning Consult poll showed Tuesday, as Democrats and Republicans continue to haggle over the nation’s debt ceiling.

Seventy-five percent think that the default would lead to a substantial decline in the stock market, followed by 72% who say it would cost the country its standing as a financial leader internationally.

Americans, however, are less likely to think that they would be affected personally, with 39% holding this view.

Voters from both parties agree about the most likely outcomes of a default. Seventy-nine percent of Democrats and 81% of Republican and independent voters believe that the economy would tumble, while 77% of Democrats, 74% of independents and 75% of Republicans said they expect the stock market to fall.

US House Speaker Kevin McCarthy and House Minority Leader Mitch McConnell hold a news conference on May 9, 2023, following a highly-anticipated meeting on the debt ceiling at the White House. - Sputnik International, 1920, 11.05.2023

US Debt Ceiling Saga Just ‘Sabre-Rattling’ Across Party Divide

The survey was conducted from May 8-11 among a representative sample of 1,970 registered voters, with an unweighted margin of error of +/-2 percentage points.

The US Congressional Budget Office warned on Friday that the country faced a “significant risk” of defaulting within the first two weeks of June if lawmakers fail to increase the amount of debt the country is legally allowed to take on.





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